Bitcoin developer Paul Sztorc plans to launch a hard fork network eCash, which supports a 1:1 exchange for BTC, causing controversy in the community
btc-42">Bitcoin developer Paul Sztorc announced the official launch of the Bitcoin hard fork network eCash, allowing BTC holders to exchange BTC for eCash at a 1:1 ratio after the hard fork goes live.
It is reported that the Layer1 node software of this network will be an "almost replica" of the Bitcoin Core client, continuing to use the SHA-256 hashing algorithm and lowering the initial mining difficulty to attract more miners to participate. Meanwhile, eCash will also be equipped with seven Layer2 scaling networks called "drivechains" to enhance transaction throughput and support optional on-chain privacy features. Paul Sztorc stated that eCash is different from Bitcoin Cash in 2017, no longer using the "Bitcoin" name, and claims it is a long-term solution to Bitcoin's scalability and privacy issues. However, the proposal to manually reallocate a portion of Satoshi Nakamoto's approximately 1.1 million BTC to early investors has sparked strong controversy in the community, with some Bitcoin supporters criticizing the move as "theft" and a violation of Bitcoin principles.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Human Rights Foundation Grants $600,000 in Bitcoin to 16 Projects

eCash Update Threatens Bitcoin Holders

eCash fork Alpha chain launched, Mainnet expected by October 31

eCash Processes 25,092 Blocks in 13 Hours

Ecash Hard Fork Causes Distribution Differences Across Exchanges

Bitcoin eCash Hard Fork to Activate on August 21

Developers plan to fork Bitcoin eCash, reallocation of Satoshi's tokens sparks controversy

Data: The cryptocurrency market has fallen for three consecutive days, with BTC's decline narrowing, and only the AI and GameFi sectors remaining relatively strong

Ripple and SBI Team Up for RLUSD Stablecoin Launch in Japan by Early 2026
Latest Crypto Market Snapshot as of August 22, 2025 BTC Soars to $115,250.00 ETH Hits $4,450.75 XRP Climbs…

ERA Launches Software Wallet, Turning Its Hardware Device Into a Full Self-Custody Ecosystem

SEC vs. Fed: Bitcoin Caught Between Regulatory Promises and Rate Hikes

Solana triples transaction size as major upgrades meet record network activity

Bitcoin’s Fed move could run straight into a $6.3 billion IBIT options wall

U.S. Senate Advances Against Official Pressure on Networks and Media

The Quantum Issue: To Freeze Coins Or Not

Bank Lends Without Collateral but Refuses Bitcoin as Collateral, Explanation Lies in Capital Rule

Bitcoin cannot activate any soft forks for now, Drivechain creator says

Avalanche: From Digital Identity in the UAE to Finance in South Korea

Cardano fees covered just 0.7% of staking rewards as transactions fall 72%

Treasuries are the biggest risk to markets, say managers

CoinEx Closure: Users Have Until December 22 to Withdraw Their Cryptos

AI Pause Would Help Dominant Firms, Not Safety, Think Tank Warns

Digital Renminbi: Rethinking Currency Value from Payment Innovation

All bank deposits in Venezuela now generate interest

Fraudsters Target Businesses in Venezuela with Fake USDT Tokens

Hunter Biden Blames Market Makers for Only Investing $5,000 in Liquidity Despite Market Cap Surging to $100 Billion

Celsius sues BitMEX for $495 million just 11 days before exchange shutdown

Two Prime launches $10M-backed Bitcoin yield vault

Why Do You Have to Wait a Month to Participate in Ethereum's Native Staking?









